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GVI (GVSS) $15 Million Wells Fargo Financing Validates Turnaround
New York, November 27, 2007 – GVI Security Solutions Inc., (OTCBB: GVSS) has “essentially completed the financial part of the turnaround” that began last year, with a $15 million financing from Wells Fargo. The revolving credit agreement, which is at a straight interest rate of prime plus .75%, with no convertibles, warrants, options or resets, replaces the company’s prior credit line which was terminated in connection with the new financing. The new financing by one of the top financial institutions in the country signifies that the company has completed a remarkable financial turnaround and achieved a solid financial “platform for accelerated growth” in 2008.